What percentage of your net worth would you spend on a single watch?
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  1. #1
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    What percentage of your net worth would you spend on a single watch?

    I know it is a crazy question. The standard party line answer will be whatever you want to spend, it's a free society. But yet there are guidelines to financial decisions. When you buy a house, the bank restricts you to certain percentages of your annual gross income if you need a mortgage.

    There are also common sense guidelines. Someone living in a $200,000 house would not be driving a $350,000 Ferrari much less a $1 Million plus Bugatti.

    So what percentage of net worth is appropriate for a single watch?

    Let's say you are fortunate enough to be worth 1 million dollars. At 1%, this would put you on the $10,000 range: Rolex, nicer IWC, JLC, GO, etc. Up it to 3% and you get to play in the entry level Patek, Lange, Journe world. If you want to get really crazy, up it to 10% and you get upper end Lange, Patek chronograph/annual calendar, etc.

    There are may tangents to this question. You could also apply this principle to your entire collection. What percentage of your net worth would you commit to your entire watch collection? We are all WIS's and want to own the best watches but we also have to have a minor degree of sensibility and meet our other responsibilities.

    What say you?

  2. #2
    Member geoffbot's Avatar
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    Re: What percentage of your net worth would you spend on a single watch?

    I'm not really worth anything so I can't answer that. Can anyone? What is " worth"? Value of assets less mortgage etc? I spend what the missus permits me to spend of whatever I've got left over after rent, council tax, food and beer. So not a lot.

    This question has been asked in the past in various guises but it's impossible to get a consensus or common ground for an answer: some here make millions but spend it on their houses, cars, kids and have less disposable income then others who make less. Lots of variables.
    Last edited by geoffbot; June 22nd, 2013 at 19:08.

  3. #3
    Member fastward's Avatar
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    Re: What percentage of your net worth would you spend on a single watch?

    I prefer to put the bulk of my net worth into pop tarts.

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    Member OrangeSport's Avatar
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    Re: What percentage of your net worth would you spend on a single watch?

    Net worth is tough, as it can be quite tied up. I have happily spent in the region of one month's net income on a Rolex, which is probably easier to measure.
    Last edited by OrangeSport; June 22nd, 2013 at 23:56.
    --------------------------------------------------
    Rolex Oyster Perpetual 116000
    1965 Accurist Shockmaster
    1961 Gold Accurist Shockmaster
    Seiko SSC021P1
    Omega Speedmaster Professional 3570.50.00

    Meistersinger Perigraph AM1002
    G-Shock GW3000B-1A

    Rolex Submariner 14060M
    Ben Sherman S489.OOBS
    1990 Rotary Gold Case
    --------------------------------------------------

    --------------------------------------------------


  6. #5
    Member 9573's Avatar
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    Re: What percentage of your net worth would you spend on a single watch?

    I don't think there is a static percentage one could use for this, but 1% doesn't seem unreasonable to me. I do think liquid savings would be a better basis than net worth though. The house comparison is a good reason why. In the San Francisco area, its difficult to own a house in an okay neighborhood worth less than $500k, meaning that a $600k net worth means you have no extra cash on hand. But I have family in Detroit, and around there where decent houses can sell for under $100k, a $600k net worth likely means a lot of cash on hand.

    Maybe something like 5% of cash on hand would be a decent starting point.

  7. #6
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    Re: What percentage of your net worth would you spend on a single watch?

    If you don't spend 25% of your net income on watches you're not a WIS.
    Last edited by ilikebigbutts; June 23rd, 2013 at 00:28.
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  8. #7
    Member little big feather's Avatar
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    Quote Originally Posted by ilikebigbutts View Post
    If you don't spend 25% of tour net income on watches you're not a WIS.
    .....We need a secret handshake and a clubhouse.

    Just get one of these



    Attachment 1132637

    The button, not the watches...you will know him by his colors.
    Sorry LBF!
    Last edited by novedl; June 24th, 2013 at 04:43.
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    Any watches posted may be seen as gifts,borrowed or found property and not as personal property of Little Big Feather.

  9. #8
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    Re: What percentage of your net worth would you spend on a single watch?

    Quote Originally Posted by ilikebigbutts View Post
    If you don't spend 25% of tour net income on watches you're not a WIS.
    You mean 25% of what's left after you pay all the taxes, the mortgage deduction, the healthcare, and all that? Wow. Good for you, but you must be either rich or single, or both. Or indulging in a bit of hyperbole.

  10. #9
    Member mpalmer's Avatar
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    Re: What percentage of your net worth would you spend on a single watch?

    Not that much, but more than almost anyone I know that is non WIS would find sensible...
    "The stuff that dreams are made of…" - RGM ‘801 EE Motor Barrel’

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    Re: What percentage of your net worth would you spend on a single watch?

    Quote Originally Posted by metallic View Post
    There are also common sense guidelines. Someone living in a $200,000 house would not be driving a $350,000 Ferrari much less a $1 Million plus Bugatti.
    Funny you say that. There's a guy on my block who's house is valued at approx $130,000 and has a $200,000 Lamborghini in his garage.
    davidtsee likes this.

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